5 months on rocket

406 15th St Unit 1, Ocean City, MD, 21842

$499,900

Home List Price

$5,936*

Closing Credit

2 Bedrooms
2 Full Baths
858 SqFt
$583/SqFt
Condo

Location

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406 15th St Unit 1, Ocean City$499,900

Buyer Closing Credits

$5,936*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeCondominium
ParkingPaved Parking, Parking Lot
Year Built1971
HeatingOther
ViewCanal
MLS #MDWO2021930
StatusActive
(ACTIVE)

About 406 15th St Unit 1

Price newly adjusted!! If you've never seen the waterview down Butterfish Cove, you're going to want to come see this adorable condo on 15th St. bayside! With the beach and boardwalk just two blocks away, and a boat slip, this first-floor, 2 bedroom/2 bath unit was fully (and tastefully) renovated in '21 and has so much to offer. Blue Lagoon is a smaller 10-unit complex located waterfront on Butterfish Cove and offers waterfront deck for outdoor enjoyment and sunsets. Inside the flooring is easy maintenance LVP throughout, the kitchen is bright and cheery with quartz counters, shiplap accents on the walls, and a convenient dry-bar area off kitchen. A laundry closet contains a full-size washer/dryer, and the unit offers energy-efficient mini-splits in every room! Being sold fully furnished, the condo has been a rental on Airbnb, self managed by the seller and used some personally, so opportunity to improve rental GRI ('23 GRI $18K, anticipated '24 GRI $20K). One assigned parking spot in lot, but additional guest spot available first-come, first-serve. Located right next to the famous White Marlin Open, you'll enjoy bike rides on the boards, and walks to local favorite hotspots like the Reel Inn! The association recently completed their reserve study, and the stairwells were just replaced.

Property Details

Property Features

Property Information:

  • Architectural Style: Unit/Flat
  • Year Built: 1971
  • Stories: 1
  • Living Area: 858 SqFt

Listing Office:

  • Office Name: Keller Williams Realty Delmarva
  • Office Phone: (410) 524-6400
  • Listing Agent: Lauren W. Bunting

Interior Features

Interior Information:

  • Appliances: Microwave, Dishwasher, Disposal, Dryer, Oven, Electric Range, Refrigerator, Washer, Water Heater
  • Basement: No
  • Interior: Ceiling Fan(s), Combination Kitchen/Living, Dining Area, Floor Plan - Open, Recessed Lighting, Upgraded Countertops, Window Treatments

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • View: Canal

Parking Information:

  • Parking: Paved Parking, Parking Lot

Utilities

Utilities Information:

  • Heating: Other

Other

Directions Information:

  • Directions: From Coastal Highway, take 15th St west. Building on right.

Municipality:

  • Ocean City

Price Information

Listing Price Info

Price Summary:

  • List Price: $499,900
  • Price Per SqFt: $583/SqFt

Tax Information:

  • Annual Amount: $2,606
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Ocean City, MD.

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Ocean City, MD

City

Med. Sold Price

$449.6K

Med. Price/SqFt

$427

Avg. Days On Market

56

# of Sold Homes

87

406 15th St Unit 1 vs Ocean City

165 DAYS ON ROCKET

+109 Days

$499,900

+$50.2K More

$583/SqFt

+$155 More

KEY TAKEAWAY

This property is $50.2K more than the Median Sold Price and $155/SqFt more than other homes in Ocean City, MD.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #MDWO2021930

Listing Office:

  • Office Name: Keller Williams Realty Delmarva
  • Office Phone: (410) 524-6400
  • Listing Agent: Lauren W. Bunting

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 3:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 14, 2020Home Sold
$245,000
Oct 08, 2002Home Sold
$170,000

Tax History

YEARPROP. TAXASSESSMENT
2021$2,606$184,400
2020$2,605$184,400
2019$2,456$172,667
2018$2,273$160,933
2017$2,108$149,200

History based on county public records data.

Payment Calculator

$2,562

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,565

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1004020
10
/10

  • Ocean City Elementary School

  • 12828 Center Dr

  • 1.33 miles

  • Public District Grades PK-4

school-card-donut-1004021
9
/10

  • Showell Elementary School

  • 11318 Showell School Rd

  • 6.65 miles

  • Public District Grades PK-3

school-card-donut-1004022
5
/10

  • Berlin Intermediate School

  • 309 Franklin Ave

  • 7.05 miles

  • Public District Grades 4-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $55,076. The most common annual income of people living in Ocean City, MD is between $35k-100k. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Ocean City, MD

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

Types of housing in Ocean City, MD.

Ocean City's housing market is diverse, offering a mix of residential options that cater to a range of preferences. The area is known for its beachfront condominiums, which make up a significant portion of the housing stock, providing residents with scenic views and easy access to the beach. Single-family homes are also available, featuring styles from classic beach cottages to contemporary designs. The market is characterized by a mix of both year-round and seasonal properties, reflecting the city's popularity as a vacation destination.

What is it like to live in Ocean City, MD?

Ocean City is celebrated for its vibrant boardwalk, pristine beaches, and family-friendly atmosphere. The community prides itself on being a premier resort town, with numerous events throughout the year, including the famous Ocean City Air Show and the Sunfest music and arts festival. The town's character is shaped by its coastal environment, offering a relaxed lifestyle with a focus on outdoor recreation and water-based activities.

Is it easy to get around Ocean City, MD without a car?

The community is served by a range of essential services, including public schools that cater to residents and the seasonal influx of families. Healthcare is accessible through local clinics and urgent care centers, ensuring medical needs are met promptly. Ocean City also boasts a variety of retail shops and dining options, from casual eateries to fine dining, many of which showcase the local seafood cuisine. The town is proactive in maintaining and enhancing its services to accommodate both its permanent population and seasonal visitors.

Transportation in Ocean City, MD.

Transportation in Ocean City is well-suited to the needs of both residents and tourists. The town features a public bus service that runs along the Coastal Highway, providing convenient access to various points of interest. The area is also bike-friendly, with several bike paths and lanes available for those who prefer to cycle. For drivers, the city is easily navigable with well-maintained roads and highways connecting to nearby cities and attractions. While specific ride-sharing statistics are not mentioned, such services are commonly used by visitors and locals alike.

Frequently Asked Questions About 406 15th St Unit 1

What is the listing price of this property?

The listing price of 406 15th St Unit 1 property is $499,900.

What type of property is this?

The property 406 15th St Unit 1 is a condo located in Ocean City, Maryland, 21842.

Is this property for sale now?

Active Listing: 406 15th St Unit 1 is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $2,606 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on September 14, 2020 for $245,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 406 15th St Unit 1 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 406 15th St Unit 1 is 858 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 406 15th St Unit 1 is 1971.

Rocket Homes›Maryland›Worcester County›Ocean City›21842›406 15th St Unit 1

This home is located at 406 15th St Unit 1 in Ocean City, MD and zip code 21842. This 858 square foot home was built in 1971. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 10, 2024 and is currently priced at $499,900.

In November 2024 more than 15 listings in Ocean City, MD were sold above the asking price. During the same period more than 15 listings were sold at asking price, while more than 57 were sold below. The inventory of homes for sale in Ocean City, MD between October 2024 and November 2024 increased by 0.2%. In November 2024, listings were on the market for 56 days. During the same period, the median list price in this real estate market was $449,666.

From Rocket Homes Real Estate and based on county public records data.

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